The chart presents a 30-minute analysis of the XAUUSD (Gold Spot / U.S. Dollar) pair,
we are observing a critical point where the price is testing a key support level at 3336. Based on current price action and market structure, there are two possible scenarios to consider for the trade
🔵 Buy Scenario:
The price is moving in a zone 3363 -3227 forming key support levels at either side. Now the price is moving near uppar zone at 3364, we can take buy from current market market price till the retest.
🔴 Sell Scenario:
If the price fails to break the key resistance area and falls than we can enter sell with some confirmation below the FVG and trendline at 3301 📉. The market may continue its bearish trend, targeting the lower support levels around 3275. A confirmed breakdown could lead to a continuation of the downtrend. Ensure your stop loss is placed just above the trendline for added protection 🔒.
we are observing a critical point where the price is testing a key support level at 3336. Based on current price action and market structure, there are two possible scenarios to consider for the trade
🔵 Buy Scenario:
The price is moving in a zone 3363 -3227 forming key support levels at either side. Now the price is moving near uppar zone at 3364, we can take buy from current market market price till the retest.
🔴 Sell Scenario:
If the price fails to break the key resistance area and falls than we can enter sell with some confirmation below the FVG and trendline at 3301 📉. The market may continue its bearish trend, targeting the lower support levels around 3275. A confirmed breakdown could lead to a continuation of the downtrend. Ensure your stop loss is placed just above the trendline for added protection 🔒.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.